Bill Status of SB1681 96th General Assembly
Short Description: INC TX-RATE DECREASE
Sen. Matt Murphy
| 1/12/2011||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Decreases the rate of tax on individuals and on trusts and estates from 3% to 2.85% in 2009, 2.7% in 2010, and 2.5% in 2011 and thereafter. Decreases the rate of tax on corporations from 4.8% to 4.56% in 2009, 4.32% in 2010, and 4% in 2011 and thereafter. Makes corresponding changes. Effective immediately.
|Date||Chamber|| Action|| 2/19/2009||Senate||Filed with Secretary by Sen. Matt Murphy|| 2/19/2009||Senate||First Reading|| 2/19/2009||Senate||Referred to Assignments|| 3/4/2009||Senate||Assigned to Executive|| 3/12/2009||Senate||Postponed - Executive|| 3/13/2009||Senate||Rule 2-10 Committee Deadline Established As April 3, 2009|| 4/3/2009||Senate||Rule 3-9(a) / Re-referred to Assignments|| 1/12/2011||Senate||Session Sine Die|